E On January 1, 20x1, Kindness Co. issued 3-year, 10%,P2.000,000 convertible bonds for P2,200,000. Principal is due atmaturity but interest is payable every year-end. The bonds areconvertible into 6,000 ordinary shares with par value per shareof P200. On issuance date, the prevailing market rate ofinterest for sinmilar debt without a conversion feature was 12%.On December 31, 20x2, Kindness Co. retired all the bonds forP2,000,000. On retirement date, the current rate for similardebt instrument without a conversion feature was 11%.Requirement: Provide all the entries in 20x1 and 20x2.

solution:- Preparation of journal entries as follows under:- Note:- Computing the fair value of the…

Answered: Reguirement: Provide all the entries in…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please explain calculation of transaction b) Where the value 612 is coming
File Edit View History Bookmarks Profiles Tabl Window Help Inbox (2 x MACC101 x (4726) IF X Account x Account X M Question X WiConnect x Content xM SmartBo X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu %252Fwebapps%252Fbla apter 7 Quiz 8 2.12 oints Mc Graw Hill Saved Exercise 7-2 (Algo) Identifying journal of entry LO P1, P2, P3, P4 Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each of the transactions should be recorded. Date Transaction May 2 The company purchased $15,340 of merchandise on credit from Bryant Company terms n/10. May 5 Sold merchandise costing $300 to B. Facer for $450 cash, invoice number 5703. May 7 Paid salary of $6,800 to J. Terry by issuing check number 543. May 8 Purchased $830 of store supplies from Bryce Company on credit terms n/45. May 12 Received $1,225 cash from J. Dryer to pay for the…
PLEASE, WRITE THE SOLUTIONS ON PAPER, EXPLAINING THE ENTIRE PROCESS, THE ONLY AND CORRECT ANSWERS ARE FOR (i) V(t) = exp (-2e^0.02t + 2 ) for 0 15 (i) Derive, and simplify as far as possible, expressions in terms of t for V(t), where V(t) is the present value of a unit sum of cash flow made at time t. You should derive separate expressions for the three sub-intervals. (ii) Hence, making use of the result in part (i), calculate the value at time t = 3 of a payment of £2,500 made at time t = 15. (iii) Calculate, to the nearest 0.01%, the constant nominal annual rate of interest convertible half-yearly implied by the transaction in part (ii). (iv) Making use of the result in part (i), calculate the present value of a payment stream p(t) paid continuously from time t = 15 to t = 20 at a rate of payment at time t given by: p(t) = 300e 0.02t
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Comment on the trends you see in attached numbers. 5 to 6 sentences Thanks
Bookmarks Profiles Tab Window Help C (4726) IFRS v x Accounting10 x Accounting10 × M Question 3-1 WiConn le Chrome File Edit View History Inbox (228) X ACC101 Princ X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252... Chapter 7 Homework Saved 3 Part 2 of 2 15.96 points eBook Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). March 1 March 2 March 3 (a) March 3 (b) March 6 March 9 March 10 March 12 Purchased $31,000 of merchandise from Van Industries, terms 2/15, n/30. Sold merchandise on credit to Min Cho, Invoice Number 854, for $12,400 (cost is $6,200). Purchased $930 of office supplies on credit from Gabel Company, terms n/30. Sold merchandise on credit to Linda Witt, Invoice Number 855, for $6,200 (cost is $3,100). Borrowed $72,000 cash from Federal Bank by signing a long-term note payable. Purchased $15,500 of office equipment on…
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DocHub X D Unit 4 Project - TVM Calculator X b.com/claudiasirois1122/Xv7zYW5RnILBBINV2A9egx/unit-4-project-tvm-calculator-pdf?pg=6 > ✓Sign - O Ri + 4. Use the TVM Calculator to fill in the following table given that the APR is 6%. Round to 2 decimal places as needed. PV = PMT= FV = APR = Periods CHANGES = Compounding: CHANGES Principal Compounding Periods $1,000 D $1,000 $1,000 $1,000 $1,000 Annually Semiannually Monthly Weekly Daily 1 2 12 a. What did P represent in the compound interest formula? P = regular deposit amount 52 shift Amount after 1 year enter If we summarize the effect seen in the table, we see that more compoundings per year means that you will have more money in the account, but the amount of increase will eventually level off. Most banks publish the APY, or Annual Percentage Yield, instead of the APR to account for this effect. $1060 $1060.90 365 $1061.83 Extension 5. What are some financial goals that people save for? Some financial goals people save for are a…
File Edit View History Profiles Bookmarks Tab Window Help Inbox (228) - abi X MACC101 Principle X (4726) IFRS vs. CX Accounting101 Ex x Accounting 101 Ex xiConnect - Hor ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe Chapter 7 Homework Saved 4 Part 1 of 2 26.73 points eBook Print References Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). April 2 April 3 (a) April 3 (b) April 4 April 5 April 6 April 9 April 11 April 12 April 13 (a) April 13 (b) April 14 April 16 (a) April 16 (b) April 17 April 18 April 20 (a) April 20 (b) April 23 (a) April 23 (b) April 25 April 26 April 27 (a) Purchased $14,000 of merchandise on credit from Noth Company, terms 2/10, n/60. Sold merchandise on credit to Page Alistair, Invoice Number 760, for $8,000 (cost is $7,000). Purchased $1,570 of office supplies on credit from Custer, Incorporated, terms n/30. Issued…
Make a journal entries for the parent company
2. The date 8/9/2024 is stored in cell C5, and =WEEKDAY (C5) is stored in cell D5. What is the default function result if cell D5 has not been formatted? a. 6 b. 9 c. Friday, August 9, 2024 d. Friday

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Reguirement: Provide all the entries in 20x1 and 20x2.